- Mayank Mehta
- 10 Mar, 2010
- New York City
European markets closed higher on improved global economic expectations, merger activities and an increase in production in France and Italy. Munich Re fourth quarter profit jumps. Fortis gains after it said it will resume dividend payment.
- Mayank Mehta
- 10 Mar, 2010
- New York City
Factory production index in January declined, a fall for the first time in five months. Tullett Prebon surged on buyout talks. F&C Asset Management swings to net profit in 2009. Laird Plc dropped 9% on a yearly loss.
- 123jump.com Staff
- 10 Mar, 2010
- New York City
The lifestyle specialty retailer quarterly sales increased 16% to $589 million on comparable store sales rise of 4%. Net quarterly income surged 92% to $78 million due to significant improvements in initial merchandise margins. Earnings per share rose to 45 cents from 24 cents a year-ago quarter.
- 123jump.com Staff
- 10 Mar, 2010
- New York City
Allergan advanced after the company won approval to use its Botox product for additional treatments. J Crew posts profit after product markdowns decline. Collective Brands loss narrows. Vail Resorts, Inc second quarter net falls.
- 123jump.com Staff
- 10 Mar, 2010
- New York City
U.S. stocks traded higher after corporations take an advantage of low interest rates to issue bonds and securities. Citigroup today launched the sale of $2 billion of securities that yield nearly 8.9%. Novartis and MGM led the bonds offering today and Goldman led the offering in euro bonds.
- Mayank Mehta
- 10 Mar, 2010
- New York City
Stocks in India traded higher on the expectations of higher domestic consumption and the government pledge to trim budget deficit. Bolivia moves to scrap contract with Jindal Steel to invest in iron ore mines. Patel Engineering gets government approval for coal linkage for its power plants.
- Darlington Musarurwa
- 10 Mar, 2010
- New York City
Stocks in Japan struggle after wholesale prices declined for the fourteenth month in a row. Machinery orders index, the measure of business investment and future outlook declined 3.7% in January after surging 20% in December. Beer shipments decline 6.3% in February.
- Darlington Musarurwa
- 10 Mar, 2010
- New York City
Australian consumer sentiment index increased 0.2% in March despite the recent four rate increases in a row. However, home loans declined 3.3% in January. Central bank official Philip Lowe said that Australia is likely to grow at or above average rate and investment share of GDP is near its peak.
- 123jump.com Staff
- 10 Mar, 2010
- New York City
Broadline closeout retailer Big Lots fourth quarter net sales grew 7% to $1.46 billion with net earnings growing by 33.7% to $105.37 million from the prior year quarter. Earnings per share were $1.27 compared to $0.96 in the year-ago quarter.
- 123jump.com Staff
- 10 Mar, 2010
- New York City
Revenues fell 2% to $722.1 million and net income rose 34% to $62.1 million or 85 cents a share. On December 31, 2009, gross consolidated debt was $643.9 million and debt net of cash was $567.3 million. Corporate expense was $12.2 million as compared to $12.3 million a year ago.
- 123jump.com Staff
- 09 Mar, 2010
- New York City
U.S. stocks closed fractionally higher as financials surged on a speculation that the U.S. is preparing to sell its 27% stake in Citigroup. Telecom surged after Cisco released faster and cheaper router to process video data. Sony Corp targeted higher sales of 3D televisions.
- Mayank Mehta
- 09 Mar, 2010
- New York City
Property stocks gained after a central bank official said that China does not need additional lending curbs and the current measures are already working. Total vehicles sales surged in February by 46%.
- Darlington Musarurwa
- 09 Mar, 2010
- New York City
Australian benchmark index increased 0.3% after more employers looked to hire add staff in February. Australia
- 123jump.com Staff
- 09 Mar, 2010
- New York City
European markets closed unchanged. EU regulators raise more questions on Greece tax revenues estimate. Fitch threatened to lower Portugal credit rating and said government plans to cut deficit are not sufficient. Groupe Eurotunnel SA profit plunges on tunnel fire and winter breakdowns.
- Mayank Mehta
- 09 Mar, 2010
- New York City
The UK trade deficit surges in January. Rating agency Fitch called for faster budget deficit cuts. Shanks declined after it ended takeover talks with Carlyle Group. John Menzies pretax profit doubles. The rating agency Fitch urged UK government to trim deficit faster.